Daiwa Securities Group Inc. Increases Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Daiwa Securities Group Inc. increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,992 shares of the specialty retailer’s stock after purchasing an additional 606 shares during the quarter. Daiwa Securities Group Inc.’s holdings in O’Reilly Automotive were worth $8,543,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fortune Financial Advisors LLC increased its holdings in O’Reilly Automotive by 2.4% during the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after acquiring an additional 57 shares in the last quarter. SignalPoint Asset Management LLC lifted its position in O’Reilly Automotive by 3.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock valued at $48,567,000 after buying an additional 1,642 shares in the last quarter. NewEdge Wealth LLC lifted its position in O’Reilly Automotive by 13.6% during the fourth quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock valued at $32,509,000 after buying an additional 4,101 shares in the last quarter. HB Wealth Management LLC lifted its position in O’Reilly Automotive by 7.0% during the fourth quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock valued at $1,660,000 after buying an additional 114 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of O’Reilly Automotive by 10.8% during the third quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer’s stock worth $31,579,000 after purchasing an additional 3,385 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Up 0.6 %

Shares of NASDAQ ORLY opened at $1,101.06 on Friday. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The company has a market capitalization of $65.00 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.99 and a beta of 0.86. The firm has a 50-day moving average of $1,092.68 and a two-hundred day moving average of $1,008.14.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.07 by $0.19. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.37 EPS. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company boosted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Evercore ISI reduced their price target on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wedbush boosted their price target on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,102.53.

Insiders Place Their Bets

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now directly owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,968 shares of company stock worth $27,269,333. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.